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cities. siemens. answers. >>> and >>> and finally today, my observation on the banks, which one's again are front and center on the heels of friday's london wales senate hearing and today's concerns over cyprus. it puts the question front and center which banks have exposure to the still unresolved debt issues in europe? if i had to get, the whale developments could be more impactful than cyprus over the near term given public perception, increased regulation, and the ultimate impact on u.s. banks. the narrative of too big to fail is not going away and there will be consequences to that. at those london whale hearings in washington friday, a suggestion from senator carl levin that if jpmorgan did not break any rules then we need tougher rules and a tougher regulator was quite telling. actually, we have talked a lot about the 6 billion-dollar plus trading loss that did not put the public at risk and was largely a victimless incident except for jpmorgan shareholders. and even with that huge single loss the company still generated
companies to places beyond it. siemens. answers. [ indistinct shouting ] ♪ [ indistinct shouting ] [ male announcer ] time and sales data. split-second stats. [ indistinct shouting ] ♪ it's so close to the options floor... [ indistinct shouting, bell dinging ] ...you'll bust your brain box. ♪ all on thinkorswim from td ameritrade. ♪ >>> >>> welcome back. it is not uncommon for a $9.7 billion business to make new investments, unless that business happens to be a professional sport. the national football league is teaming up with providence equity partners to create a new investment partnership. they'll have about $300 million to invest in start-ups that focus on sports, media, and technology. eric grabmeni joins us now exclusively to talk about this new partnership. eric, good to have you on the program. thanks for joining us. >> thank you for having me, maria. what can i do for you? >> wlhat is the motivation? why is the nfl headed in this direction? >> well, the nfl is a big business, as you know, and there are different elements to that business. obviously, there's the football bu
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